The National Debt Is

question 85

Multiple Choice

The national debt is

• A)the difference between a nation's exports and imports of goods and services.
• B)the sum of the personal debt of all citizens in the United States.
• C)the cumulative effect of all past budget deficits and surpluses of the federal government.
• D)equal to the current size of the budget deficit.

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Definitions:

Outstanding

Refers to shares that are currently owned by investors, including restricted shares owned by the company's officers and insiders.

Authorized

Authorized refers to the maximum number of shares a corporation is legally permitted to issue, as specified in its charter.

Common Stockholders

Individuals or entities that own shares of a company's common stock, giving them rights to vote on company matters and receive dividends, subject to the company's performance and dividend policy.

Voting Rights

Rights granted to shareholders to vote on matters of corporate policy, including decisions on the composition of the board of directors.